NY moving to OR to begin Investing Career Seeking General Advice

[Sarah Karakaian]

I posted on here a bit ago - we have an NYC property that we just accepted an offer on. We plan on taking the cash and moving to the Portland, Oregon area to make that money grow and help us get started in our investing career. 

Everyone's advice is always to simply "Get Started". So...we are! We're currently in Portland learning about the area and the submarkets. What an eye opener. Inventory is low - we obviously don't know the area well - and, because of our career in house rehabilitation and design - we can't bring ourselves to looking at cookie cutter properties.

Our trip has been great in giving us a dose of reality. We also visited the Olympia, WA and Salem, OR areas - we just don't know where to plant roots. We're thinking about renting for awhile while we network and get to know the area better.

We should close on our NYC by March 1 so we can make the move pretty soon thereafter. Anyone who might have a path similar to ours - moving to a market they don't know but excited to hit the ground running? Did it work out for you? Are we crazy? Any advice on what might be a good place for some 30-somethings with no kids to settle down in the PNW?

[Steve B.]

take your time looking around, 8-12 weeks before you make any offers.  You will need to know what a bargin looks like.